iTunes Costs Nearly $1 Billion A Year to Run, Analysts

Asymco analysts compiled their findings and estimated iTunes costs Apple over $1 billion a year to run and maintain. With a cost of running a store this large, Apple must be making a considerable amount of cash, it's estimated to be around 10%, which would be enough to cover operating costs. Apple also takes 30% […]

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Asymco analysts compiled their findings and estimated iTunes costs Apple over $1 billion a year to run and maintain. With a cost of running a store this large, Apple must be making a considerable amount of cash, it's estimated to be around 10%, which would be enough to cover operating costs. Apple also takes 30% of the sales from Apps, but that also is to cover the operating costs of the data centers and bandwidth.

Asymco estimates that iTunes costs Apple upwards of $30 million a month to run in 2009, but with an ever increasing market, that price could have jumped to over $75 million a month. That calculates out to just under $1 billion dollars a year, not to mention the TV and Movie store Apple also has.

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Deepak Gupta is a IT & Web Consultant. He is the founder and CEO of diTii.com & DIT Technologies, where he's engaged in providing Technology Consultancy, Design and Development of Desktop, Web and Mobile applications using various tools and softwares. Sign-up for the Email for daily updates. Google+ Profile.